secwatch.observer — SEC 8-K summary
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Issuer:     LM FUNDING AMERICA, INC. (LMFA)
CIK:        0001640384
Form:       8-K
Filed at:   2024-11-13T23:59:59+00:00
Accession:  0000950170-24-125982
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

LMFA Q3 net loss $6.4M; Bitcoin mining revenue falls to $1.1M from $3.3M YoY
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- Total revenue $1.3M, down from $3.4M YoY; Bitcoin mining $1.1M (18.5 BTC mined) vs $3.3M.
- Net loss attributable to shareholders $6.4M, including $1.7M deemed dividends from warrant repricing.
- Held 142.3 Bitcoin as of Sep 30, valued ~$12.4M at $87,000 BTC price on Nov 11.
- Gross mining margin improved to 35% from 18% YoY via vertical integration with low-cost power ($0.3-0.5 cents/MW).
- Ryan Duran appointed president of US Digital Mining and Hosting subsidiary.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1640384/000095017024125982/0000950170-24-125982-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1640384/000095017024125982/lmfa-20241113.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-125982

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer